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fringe benefit
noun
1
: an employment benefit (such as a pension or a paid holiday) granted by an employer that has a monetary value but does not affect basic wage rates
2
: any additional benefit
increased energy is a fringe benefit of regular exercise
Examples of fringe benefit in a Sentence
Recent Examples on the Web
According to the latest budget, 37% of AC Transit’s operating expenses go to pensions and other fringe benefits.
—Marc Joffe, The Mercury News, 14 Nov. 2024
The City Council earlier this month unanimously approved hiring Broadnax as well as his employment agreement, which outlines the $470,000 base salary and other fringe benefits.
—Ella McCarthy, Austin American-Statesman, 23 Apr. 2024
Both schools are evenly splitting FIFA’s funds, which are going to pay for the salaries and fringe benefits of the researchers, travel, materials and supplies, grad student tuition and fees, and other direct costs.
—Daniel Libit, Sportico.com, 30 Oct. 2024
However, your employer may offer a qualified transportation fringe benefit that provides a tax-free reimbursement for a ride in a commuter highway vehicle between the employee's home and workplace, a transit pass, and, happily, qualified parking.
—Kelly Phillips Erb, Forbes, 21 Sep. 2024
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Word History
First Known Use
1948, in the meaning defined at sense 1
Dictionary Entries Near fringe benefit
Cite this Entry
“Fringe benefit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fringe%20benefit. Accessed 15 Dec. 2024.
Kids Definition
fringe benefit
noun
: a benefit (as vacation, health insurance, or pension plan) given by an employer to employees in addition to pay
Legal Definition
fringe benefit
noun
: an employment benefit (as a pension, a paid holiday, or health insurance) granted by an employer that has a monetary value but that does not affect basic wage rates
More from Merriam-Webster on fringe benefit
Thesaurus: All synonyms and antonyms for fringe benefit
Britannica.com: Encyclopedia article about fringe benefit
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